China's H1 GDP Rises 4.7% to 69.57 Trillion Yuan as Trade Jumps 16.9%
Updated
Updated · People's Daily · Jul 24
China's H1 GDP Rises 4.7% to 69.57 Trillion Yuan as Trade Jumps 16.9%
3 articles · Updated · People's Daily · Jul 24
Summary
69.57 trillion yuan in first-half GDP marked 4.7% year-on-year growth, with China saying the economy stayed stable despite external market and supply-chain pressures.
3.6 trillion yuan of economic expansion was the largest first-half increase in five years, while high-tech manufacturing output rose 13.3% and AI-related segments grew more than 30%.
25.47 trillion yuan in goods trade, up 16.9%, reinforced that momentum; exports of mechanical and electrical products climbed 20.1%, and imports rose 22.1% as domestic demand expanded.
More than 40% of overall growth came from high-end manufacturing, the digital economy and modern services, underscoring Beijing's shift toward innovation-driven, higher-quality development.
The IMF recently cut its 2026 global growth forecast but raised China's by 0.2 percentage points, highlighting China's role as a key support for broader world growth.